07022016Sat
Last update: Sat, 02 Jul 2016 07am

Americas

Markets - FXMM - Americas

C$ firms to 1-week high; implied vol hits lowest in 4 months TORONTO: The Canadian dollar strengthened to a one-week high against its US counterpart on Thursday as oil moved briefly above $50 a barrel, while the market's expectation of future volatility for the currency fell to its lowest in four months.US crude oil futures traded above $50 for the first time since October before settling at $49.48 a barrel, down 8 cents.The move in oil triggered "huge desire" to cover short positions in the Canadian dollar, while some long positions in the currency were established, said Brad Schruder, director of corporate sales and structuring at BMO Capital Markets.The loonie's gains come one day after the Bank of Canada was less dovish than some investors had expected as it signaled the impact on the economy of the Alberta wildfires will be transitory.Canadian dollar implied volatility, which traders use to price options on the currency, has tumbled since the interest rate decision. For ...

Markets - FXMM - Americas

Dollar slips after US data dampen Fed rate hike bets NEW YORK: The US dollar fell against the euro, yen, and franc on Thursday after US economic data showed weakness in business spending plans, denting expectations for a Federal Reserve interest rate increase in June or July. The Commerce Department said orders for long-lasting US manufactured goods surged 3.4 percent last month after increasing 1.9 percent in March. Economists polled by Reuters had forecast durable goods orders rising only 0.5 percent last month. But non-defense ...

Markets - FXMM - Americas

C$ strengthens to a 1-week high as oil breaches $50 a barrel TORONTO: The Canadian dollar strengthened to a one-week high against its US counterpart on Thursday as oil moved above $50 a barrel for the first time in nearly seven months.US crude prices were up 0.93 percent to $50.02 a barrel, helped by signs that a global supply glut that has plagued the market for nearly two years is easing.The loonie's gains come one day after the Bank of Canada was less dovish than some investors ...

Markets - FXMM - Americas

Dollar slips after US data dampen Fed rate hike bets NEW YORK: The US dollar fell against the euro, yen, and franc on Thursday after US economic data showed weakness in business spending plans, denting expectations for a Federal Reserve interest rate increase in June or July.The Commerce Department said orders for long-lasting US manufactured goods surged 3.4 percent last month after increasing 1.9 percent in March. Economists polled by Reuters had forecast durable goods orders rising only 0.5 percent last month.But non-defense capital goods ...

Markets - FXMM - Americas

C$ firms with oil ahead of Bank of Canada rate decision TORONTO: The Canadian dollar edged higher against its US counterpart on Wednesday as oil prices and stocks rose, while the market braced for an impending interest rate announcement by the Bank of Canada.Oil rose towards $50 a barrel for the first time in seven months after industry data showed a sharp fall in US inventories. US crude prices were up 1.25 percent at $49.23 a barrel.Adding to support for risk-sensitive commodity-linked currencies such as the ...

Markets - FXMM - Americas

Dollar plummets against yen on G7 meeting, Japanese data NEW YORK: The US dollar tumbled nearly 1 percent against the yen on Monday on Japanese trade data and Washington's resistance to currency intervention by Tokyo, but was little changed against the euro as investors awaited fresh US economic data. The dollar was last down 0.86 percent at 109.19 yen, near a session low, after data showing Japan logged a trade surplus for the third consecutive month. The dollar was set for its biggest daily ...

Markets - FXMM - Americas

Dollar gains against euro on Fed comments, slips against yen NEW YORK: The US dollar gained against the euro on Monday after Federal Reserve officials made hawkish remarks on monetary policy, while the dollar slipped against the yen on Japanese trade data and U.S. resistance to currency intervention from Tokyo.The euro was last down 0.29 percent against the dollar at $1.1190. San Francisco Fed President John Williams said on Monday that the central bank would probably tighten policy a bit quicker in 2017 than this ...